This report is provided by MacroTerms.com

Data as of: 2026-10-07 · Settlement: Exchange final daily settlement

NQ=F Deep Dive | Bullish Momentum with Key Pivot Support | 2026-10-08

We maintain a bullish bias on NQ=F, targeting a sustained move toward the 20-day high of 31616.5 pending a breach of the 31355 pivot. The instrument has demonstrated robust relative strength, climbing 6.63% over the past 20 sessions and trading within the upper 92.5% of its 20-day range, signaling strong institutional accumulation. While the current week remains unfinished, the underlying technical structure supports further upside, anchored by the 31355 pivot and the 52-week high proximity. A sustained break below 31189 would invalidate this thesis, suggesting a shift in momentum. The current setup reflects a confluence of technical resilience and favorable positioning, with the market pricing in continued strength despite a neutral macro backdrop. We advise traders to look for long opportunities on dips toward the 31355 support zone, with a clear invalidation level at 31189.